Gold price jumps as concerns over US stimulus dent risk appetite
"Risk sentiment has turned sour ... the market is pretty disappointed by Trump`s delay of the stimulus package, which he had promised on Tuesday," CMC Markets analyst Margaret Yang Yan said. Asian shares and Wall Street futures fell as growing scepticism about Washington`s stimulus package knocked the steam out of an earlier rally.
Spot gold was up 0.7% at $1,661.21 per ounce by 0803 GMT, having fallen nearly 2% on Tuesday on hopes for global stimulus measures. U.S. gold futures gained 0.1% to $1,661.70, Photo: Reuters